USA: Jones Apparel, Polo Dispute Could Lead To Licence Loss
Clothing giant Jones Apparel Group Inc on Tuesday claimed Polo Ralph Lauren Corp is threatening to end their Lauren licensing deal at the end of this year if a separate licence agreement also ends. The New York-based company said in a press release talks between both parties have been held for several weeks as its licence to sell Ralph-branded clothing, which generated $37 million in sales last year, will expire at the end of 2003.
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